You and DW are almost 50 with no pension, but are use to great cash flow from a high salary. Your annual SS when taken at 70 will only cover 20% of your annual expenses. You have no debts and two kids who are both in college and is paid for.
You have hit your number during the recent market run-up and are ready to retire.
Your assets allow you to enjoy a very comfortable lifestyle at a 3.5% WR, or live fairly well at a 2.5% WR. If austerity was required you could shrink down to a 2% WR.
Based on life expectancy charts, it's fairly likely one of you will live into the mid 90's and possibly even to 100.
How do you start out your (hopefully) long 45 to 50 year retirement?
You have hit your number during the recent market run-up and are ready to retire.
Your assets allow you to enjoy a very comfortable lifestyle at a 3.5% WR, or live fairly well at a 2.5% WR. If austerity was required you could shrink down to a 2% WR.
Based on life expectancy charts, it's fairly likely one of you will live into the mid 90's and possibly even to 100.
How do you start out your (hopefully) long 45 to 50 year retirement?
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